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PRE MARKET
Gift Nifty indicates a positive start for the broader index in India, with a gain of 12.5 points or 0.05 percent. The Nifty futures were trading aroundthe 25,092.50 level.
The Nasdaq and S&P 500 fell on Wednesday as investors sold tech stocks and moved into less highly valued sectors, as they also awaited remarks from Federal Reserve officials at their Jackson Hole symposium this week.
The S&P 500 lost 16.40 points, or 0.26%, to end at 6,394.97 points, while the Nasdaq Composite lost 144.76 points, or 0.68%, to 21,170.19. The Dow Jones Industrial Average rose 1.48 points, or 0.00%, to 44,923.75.
Asian stock markets were broadly mixed as investors braced for three days of potentially market-moving news from the Federal Reserve’s annual symposium in Jackson Hole.
Japan’s Nikkei and Hong Kong’s Hang Seng went down 0.44 percent nd 0.09 percent, while the Taiwanese weighted index went up 1.31 percent respectively.
STOCKS TODAY
India Cements
UltraTech Cement is set to sell 2.01 crore shares (6.49% stake) in India Cements via an Offer-for-Sale (OFS) on August 21–22. The floor price has been fixed at Rs 368 per share. The OFS will open for non-retail investors on August 21, and for retail investors on August 22.
RailTel Corporation of India
The company has received a work order worth Rs 35 crore from Kerala State Information Technology Mission for the O&M of the SDC project, and another order worth Rs 15.4 crore from the Higher Education Department, Government of Odisha.
Jupiter Wagons
Unlisted subsidiary Jupiter Tatravagonka Railwheel Factory has received a Letter of Intent (LOI) to supply 5,376 wheelsets for the Vande Bharat Train, in an order worth Rs 215 crore.
Exide Industries
The company has invested Rs 100 crore in subsidiary Exide Energy Solutions via a rights issue. This takes the total investment in the subsidiary to Rs 3,802.23 crore. There is no change in the company’s shareholding percentage in the subsidiary post-investment.
Godrej Properties
The Mumbai-based real estate developer has agreed to acquire 7% equity stake in Godrej Skyline Developers from an existing shareholder.
Source – Moneycontrol